Bitcoin and Ethereum Market Response to US Job Openings Data

Today, a second set of data that could influence Bitcoin and other cryptocurrencies was the US job opportunities and staff turnover rate (JOLTS) data. The data was just announced. The expectation for the data was 8,800M. The previous figure was 9,026M.

Data and Subsequent Bitcoin Activity

Looking at the announced data, we see that the figure came in at 8,863M. Thus, the number has come in above expectations.

Following the data release, we turn to Bitcoin and other cryptocurrencies. Bitcoin and other cryptocurrencies displayed unexpected volatility in the last 24 hours. Bitcoin once again broke its previous record, experiencing a rapid drop to the $59,000 level overnight. However, the BTC price quickly recovered and exceeded $67,000 during the day. Bitcoin is currently trading at $65,921.

Current Ethereum Price

Turning our attention to Ethereum, the number two cryptocurrency, we see that the leading altcoin experienced a drop to $3,200 last night but immediately recovered.

As of the writing of this article, the Ethereum price is at $3,783. Notably, Ethereum’s price rose to $3,900 in today’s trading.